New York, Feb 3, 2026, 05:35 EST — Premarket
AMC shares barely budged ahead of Tuesday’s open, following Monday’s modest 0.7% gain that took the stock to $1.40. In after-hours action, the price ticked slightly higher to $1.41. (MarketWatch)
The immediate question is whether the cinema chain will begin selling shares on the open market. In a January SEC filing, AMC disclosed plans for one or more “at-the-market” offerings, aiming to raise up to $150 million in net proceeds, with sales not starting before Feb. 2. (AMC Entertainment Holdings, Inc.)
This is significant since AMC is now firmly in penny-stock territory, where a surge in supply can quickly swing prices. Traders have been focusing heavily on liquidity cues, alongside weekend box office buzz.
On Jan. 29, AMC announced a deal with certain noteholders designed to boost its ability to refinance debt, aiming to push out maturities and lower interest costs. The company also offered a sneak peek at preliminary Q4 results: revenue around $1.29 billion and a net loss near $127 million. It reported ending 2025 with $428.5 million in cash and cash equivalents, excluding restricted cash. Chairman and CEO Adam Aron said the move “enhanced our flexibility to streamline and simplify our capital structure.” AMC plans to release full results after the market closes on Feb. 24. (AMC Entertainment Holdings, Inc.)
Over the past year, AMC’s share price fluctuated from a low of $1.35 to a high of $4.08. In the most recent session, it stayed within a narrow band between $1.35 and $1.48. (Investing)
An at-the-market sale differs from a marketed stock offering. Shares usually trade in small batches via a broker at current prices, with outsiders rarely aware of the daily volume hitting the tape.
The calendar still drives business for theater chains. Cinemark Holdings and IMAX respond similarly to release schedules, but AMC’s balance sheet draws traders’ attention to its capital maneuvers.
The equity option cuts both ways. If AMC leans heavily on it, dilution could wipe out any gains from better ticket sales. On the other hand, if it holds back and cash runs low, the company might find itself with fewer options when negotiating with lenders.
Investors are on the lookout for any offering documents or filings revealing if the at-the-market program is currently active. They’ll also be closely monitoring the Feb. 24 results for updates on refinancing plans and liquidity.
